Justice Luiz Fux, from the Federal Supreme Court, established a 15-day deadline for the Union, the Central Bank and the Credit Guarantee Fund (FGC) to respond to a request from the Federal District Government to compel the federal government to guarantee a 6.6 billion reais loan intended for BRB (Banco de Brasília).
The demand is related to the billion-dollar shortfall caused by the failed attempt by BRB to purchase Banco Master. In the decision, Fux stated that there is "complexity and peculiarities involved in the demand" to justify the established deadline.
The case will be sent to the Attorney General's Office after the responses from the involved agencies, before returning to the justice for a decision on the urgency request. The Federal District Government argues that three months after an agreement made at the STF itself, the Union has not yet adopted the necessary measures to make the loan to the bank viable.
